Property and Casualty- Dwelling Policy
Which amount is incorrect regarding broad theft coverage?
$1,000 - silverware
Under a Dwelling policy, how many separate Causes of Loss forms are available?
3
Jack wants to bring a lawsuit against his insurer. When can he start his suit?
3 years after loss
The Broad Form Dwelling policy with removal coverage will cover property temporarily removed from the premises to protect it from damage. What is the length of this coverage?
30 days
Vandalism would be covered if an insured's premises was vacant for how many days?
35 days
After an insurer receives proof of a loss, when must payment be submitted to their insured?
60 days
A Broad Theft endorsement would cover which of the following?
A camera that Bob took with him on vacation **The camera on vacation is not a policy exclusion. A Broad Theft Coverage Endorsement only applies to the owner occupant of the dwelling.**
Which of the following is correct about a Dwelling policy's coverage?
All forms have exclusions
Which dwelling policy insures a structure on an actual cash value basis?
DP-1
What endorsement do you add to a dwelling under construction?
Dwelling Under Construction Endorsement
What would be covered in Jan's dwelling policy?
Fire damage to her canoe in her garage
Bill has his dwelling and contents insured under a DP-3 policy. He is insured against all of the following perils except:
His personal property being stolen in his dwelling
Which of the following is not eligible for coverage under a Dwelling policy?
House with 5 families living in it
Which of the following applies to Coverage C - Personal Property?
It is limited to property of a guest or servant at the insured location
Which of the following would most likely not be covered under Coverage A in a Dwelling Policy?
Stolen lawnmower of a renter used to service the premises
Which of the following other structures would be covered in a dwelling policy?
Structure rented to a friend for use as a private garage
If there is an automatic increase in insurance as an endorsement for a dwelling policy, that will increase the amount of insurance by an annual percentage amount. What is the main purpose for this scenario?
To offset the effects of inflation
Under Dwelling Policy Coverage C, which of the following is included?
Watch belonging to a guest
When can Ed's insurer cancel his dwelling policy midterm?
When Ed's insurer realized he lied about the year his property was constructed
Which coverage insures contents damaged by a fire?
coverage c
What coverage will cover loss of income when an insured's rental dwelling is uninhabitable?
coverage d
Which coverage provides additional living expenses?
coverage e
DP-2 differs from dwelling basic form with Extended Coverage because the DP-2 adds the following perils:
damaged caused by burglars
Perils NOT specifically listed on a Basic form in a Dwelling policy are automatically:
excluded
The Dwelling and Homeowner policies both EXCLUDE coverage for:
flood
What is covered under the basic form and broad form dwelling as perils?
internal explosives
Last week George's daughter brought home a lost cat. The first day they left the cat alone to go to school and work, they came home to find their $500 curtains torn, a scratched $250 upholstered chair and a broken $300 crystal vase. George has Personal Property Insurance under a Special Form Dwelling. How much of this loss will his policy cover?
none of it
Which of the following clauses under a Dwelling policy would apply to Jane that lost one of her two matching crystal candlesticks?
pair or set
A Broad Form (DP-2) policy's falling object peril would cover the interior of a building under which condition?
the exterior was damaged first
William wants to know which of the following perils under his Basic Form dwelling will not be covered.
theft
Which of the following is not covered in the Broad and Special Form Dwelling Policy?
theft of personal property
What would not be covered if Sam insures his dwelling and its contents under DP-3?
theft of personal property in the dwelling
Which of the following is considered a peril under a property policy?
vandalism
